News
Important Only
Europe before the bell: modest open awaits, STOXX to stay at record
European futures are hinting at modest rises at the open, and while the STOXX 600 looks set to break eight weeks of straight gains this week, it is likely to remain at a record high. EuroSTOXX50 STXEc1 futures are up 0.2%, while FTSE futures FFIc1 are off 0.1% and DAX futures FDXc1 are ticking 0.1%
Reuters
Fri, Feb 21
Sterling edges up after stronger UK retail sales
LONDON, Feb 21 (Reuters) - The pound edged up on Friday after data showed UK consumer spending picked up much more sharply than expected in January, but was weaker in the key shopping month of December than initially thought.British retail sales rose by 1.7% in January, figures from the Office for NReuters
Fri, Feb 21
Elon Musk teases DOGE audit of the Federal Reserve
At the Conservative Political Action Conference on Thursday in Maryland, Elon Musk hinted at some of DOGE’s upcoming works, including a possible audit of the Federal Reserve. Musk has previously called for more scrutiny of the Fed’s activities, and an audit could possibly help pinpoint and implement
Cryptopolitan
Fri, Feb 21
SpaceX catches giant Starship booster in fifth flight test
SpaceX in its fifth Starship test flight on Sunday returned the rocket's towering first stage booster back to its Texas launch pad for the first time using giant mechanical arms, achieving another novel engineering feat in the company's push to build a reusable moon and Mars vehicle.Reuters
Fri, Feb 21
PRECIOUS-Gold set for eighth weekly gain as tariff threats boost safe-haven demand
Silver, palladium on track for weekly gainGold scaled record high in previous session Adds comments, graphics and updates with mid-session tradingBy Rahul Paswan Feb 20 (Reuters) - Gold prices edged lower on Friday from a record high hit in the previous session, but stayed on track for their eigh...Reuters
Fri, Feb 21
Walmart Q4 Earnings Ring Alarm Bells: Stagflation Looms, Consumers Retreat
Walmart, a bellwether of the US economy, posted a strong performance in Q4 FY25 but warned of a growth slowdown in fiscal year 2026, raising concerns about weak consumption and economic growth in the US. Consequently, Walmart's shares dropped 7%.TradingKey
Fri, Feb 21
Bitcoin Price To $150,000: Why The USDT Dominance Plays An Important Role
Bitcoin has extended its consolidation below $100,000 since the beginning of February. This price lag has been compounded by a slowdown in bullish sentiment among investors and a slowing euphoria regarding the crypto-positive influences of Trump’s new administration in the US.
Meta reduces stock options for staff despite trading at record highs, FT reports
Meta Platforms META.O has cut back on its yearly distribution of stock options by about 10% for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday.Reuters
Fri, Feb 21
Canary Capital’s spot Litecoin ETF listed on DTCC ahead of SEC decision
Canary Capital’s spot, Litecoin ETF, has been listed on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC. The listing creates the requisite trading framework for the fund while waiting on approval from the U.S Securities Exchange Commission.Bitcoin Price Recovers Strongly—Is a New Rally Beginning?
Bitcoin price started a recovery wave above the $96,500 zone. BTC is rising and might aim for a move above the $98,800 resistance zone. Bitcoin started a decent recovery wave above the $96,500 zone. The price is trading above $97,000 and the 100 hourly Simple moving average. There is a key bullish tNewsBTC
Fri, Feb 21
USD/CNH bulls are long and wrong; Bessent may break them
Feb 21 (Reuters) - Sentiment for China's stock market, and the yuan, is shifting due to investor euphoria for Chinese AI companies and hints that Trump might forge a new trade deal. The outlook for USD/CNH is hence changing too; more longs may be forced to capitulate. Thursday's dive through the 100
Reuters
Fri, Feb 21
IRS fires 6,000 employees as Trump slashes US government
Cuts are part of Trump's effort to shrink governmentJudge rules that firings can proceed for nowIRS had expanded under Trump's predecessor BidenAdds report of absorption of USPS in paragraph 15; cuts to traffic safety agency in paragraph 21By Nathan Layne and Andy Sullivan Feb 20 (Reuters...Reuters
Fri, Feb 21
Alibaba shares open at three year-high as quarterly revenue rebounds
December quarter revenue growth slightly beat expectations Alibaba's emergence as an AI leader in China has encouraged investors, helped boost Cloud unit growth International e-commerce division delivers 32% revenue growth Shares open 10% higher in Hong Kong,Reuters
Fri, Feb 21
Australian Dollar depreciates despite stronger Judo Bank PMI, Bullock’s cautious speech
The Australian Dollar declines as the US Dollar experiences a technical upward correction. Australia’s Judo Bank Manufacturing PMI increased to 50.6 in February, up from 50.2 in January. RBA's Bullock warned that an overly rapid or excessive monetary policy easing could hinder the disinflation proce
Fxstreet
Fri, Feb 21
Japan's core inflation hits 19-month high, keeping alive BOJ rate-hike bets
Jan core CPI rises 3.2% yr/yr vs forecast +3.1%Index excluding fuel up 2.5% yr/yr, fastest since March 2024Data underscores rising price pressures as costs increaseAdds graphic, market reaction, analyst quote, details; paragraphs 2,4,6,11-12By Leika Kihara TOKYO, Feb 21 (Reuters) - Japan's co...Reuters
Fri, Feb 21
